American Outdoor Brands Corp (NASDAQ:AOBC) Director John B. Furman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $14.50, for a total value of $145,000.00. Following the completion of the transaction, the director now owns 32,834 shares of the company’s stock, valued at approximately $476,093. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ:AOBC opened at $14.69 on Friday. The firm has a market cap of $793.54 million, a price-to-earnings ratio of 31.93 and a beta of -0.09. American Outdoor Brands Corp has a 12-month low of $8.32 and a 12-month high of $16.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 1.16.
American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, August 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.09. The business had revenue of $138.83 million during the quarter, compared to analysts’ expectations of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. research analysts anticipate that American Outdoor Brands Corp will post 0.67 EPS for the current year.
A number of research firms have recently commented on AOBC. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday. Wedbush set a $15.00 target price on American Outdoor Brands and gave the company a “buy” rating in a research note on Saturday, September 1st. ValuEngine upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Lake Street Capital restated a “buy” rating and issued a $17.00 target price on shares of American Outdoor Brands in a research note on Friday, August 31st. Finally, Cowen restated a “hold” rating and issued a $12.00 target price on shares of American Outdoor Brands in a research note on Friday, August 31st. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.14.
Large investors have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new position in American Outdoor Brands during the second quarter valued at $133,000. Fisher Asset Management LLC purchased a new position in American Outdoor Brands during the second quarter valued at $153,000. Dynamic Technology Lab Private Ltd purchased a new position in American Outdoor Brands during the first quarter valued at $158,000. GSA Capital Partners LLP purchased a new position in American Outdoor Brands during the first quarter valued at $186,000. Finally, Monarch Partners Asset Management LLC purchased a new position in American Outdoor Brands during the second quarter valued at $281,000. Institutional investors and hedge funds own 62.79% of the company’s stock.
About American Outdoor Brands
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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